Super Strategy: To Draw or Not to Draw?

0:00Ever wondered if your super needs to keep ballooning after retirement, or if it's smarter to start spending for that good life? Listener, Craig hits us with this, he's got $1 million in super, plus 20,000 a year from Rintels. Should he leave it in an accumulation account, taxed 15% on earnings, but flexible for lump sums, or shift to a tax-repension account with mandatory minimum withdrawals, take Australian Super's balance fund as a real-world example. Over the 10 years to June 30th, 2025, accumulation averaged 7.94% yearly returns, while pension hit 8.62%, that's a $6,800 edge on 1 million bucks annually from no tax. At age 67, a pension would require polling at least $50,000 the first year, or 5%. But here's the impact, markets fluctuate and timing matters, yet if returns beat your drawdown, the balance still grows. Most folks convert to pension post retirement to dodge that tax drag, and you don't have

1:02to blow the cash, you could re-contribute unspent funds back to super until 75. Shifting gears to listener Kathy, she owned a house solo, rented it after marrying and upsizing, now selling to fund super via downsizer rules. Can her husband, who lived there but wasn't on title, also contribute? Another answer, yes, if both over 55, own 10 years, and it was main residence part time for CGT breaks. Both could drop up to $300,000 each into super within 90 days of sale. Chat your accountant or advisor to lock in eligibility, but these rules open doors for couples building that nest egg smarter. I'm Corey with the story, that's your Adelaide News today update, AI-powered and always on.